Felux, a Cleveland company aiming to digitize the steel supply chain, raises $5.1 million


Felux, a Cleveland startup formed in 2019 that operates a B2B marketplace and supply chain platform for steel and industrial materials, announced it has raised $5.1 million in seed funding.

The round was led by Expa, an investment firm started by Garrett Camp, co-founder of Uber and the founding CEO of StumbleUpon. It included participation from 8VC, Lightbank and steel industry partners, Felux said in a news release.

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Story excerpt provided by Crain’s Cleveland Business.

Written by Scott Suttell.

Originally published August 23, 2021.

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